Titan Medical Inc (TMDIF)

[Flenderson]

A couple of things:

Warrants HAVE been getting exercised recently. Not sure how much, but Titan is encouraging those to exercise. This has been helpful in that it is giving them a little more time and flexibility as far as future financing. I don't believe todays pullback is finance related (could be wrong), but not the impression I got. Just seems like big resistance at .28.

R/S will NOT happen in 2017, subsequently no Nasdaq uplist in 2017. Both slated for 2018. The only way this could change is if the PPS shot up to ridiculous levels short term. They prefer to R/S when the PPS is much higher and they have positive news, updates, etc to support the R/S. This was reiterated again about supporting the PPS after a R/S. They are VERY aware of potential pullback, and want to be prepared to support the PPS. They would much prefer to do a smaller R/S at 5/1, 10/1 instead of 30/1.

FDA/CE submission not until the end of 2018. As we know they had been in contact with the FDA a while back. It sounds like they haven't been lately, but they will begin talking again soon to make sure no surprises and get up to date on everything.

Next Quarterly meeting/update is roughly scheduled for mid-November.

Burn rate is still around 2mil a month and should remain so until end of the year. 2018 it will bump up to around 2.5-3mil a month through the year.

Partnerships are an ongoing possibility. No details, but they are always talking, entertaining, etc, etc. They consider the big boys in Medical (Medtronic, J & J, etc) as prospects for future partnerships, buyouts, etc. They really feel single port is the future and these guys know it.

The team is "highly energized" and excited right now.

Lastly, McNally and Randall were in Europe last week. Thoughts, conspiracy theories???

GLTA